(IN BRIEF) Turkish steel manufacturer Borçelik has selected ANDRITZ to supply a versatile combi-line furnace for a new cold strip mill in Bursa. This advanced furnace will support both galvanizing and annealing operations, enhancing Borçelik’s production of automotive-grade steel. The … Read the full press release
Posted in Austria, Business, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Metals and Minerals, News, Technology, Turkey
Tagged Andritz, Borçelik, Furnace Installation, partnership, steel production, Turkey
(IN BRIEF) Garanti BBVA Kripto has partnered with Ripple and IBM to advance its digital asset platform, enhancing security and performance for its users. Through these collaborations, Garanti BBVA Kripto aims to strengthen its infrastructure to meet rising demand for … Read the full press release
Posted in Banks, Business, Economy, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Security & Safety, Spain, Technology, Turkey
Tagged Aaron Sears, BBVA, digital asset, Garanti BBVA, Garanti BBVA Kripto, IBM, Işıl Kılınç Gürtuna, Korcan Abalı, partnership, Ripple, SECURITY, Turkey, USA
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has provided a $200 million loan to Turkish retailer A101 to support its sustainability efforts. The loan will help A101 reduce energy consumption, install solar panels, and expand its store … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Management, News, Retail, Turkey, United Kingdom
Tagged A101, Dilara Sarı, EBRD, Osman Yilmaz, partnership, retail, sustainability, Turkey, Wojtek Boniaszczuk
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has provided a $60 million loan to Borusan EnBW Enerji to support the development of 116 MW of onshore wind-energy capacity in Türkiye’s Sivas and Tekirdağ provinces. This investment is … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Turkey, United Kingdom
Tagged Aida Sitdikova, Borusan EnBW Enerji, EBRD, Germany, partnership, renewable energy, sustainability, Turkey
(IN BRIEF) Polat Enerji, a leading wind energy investor in Türkiye, has expanded its partnership with ENERCON by signing contracts to add 110.5 MW of capacity across three new wind farm projects. These projects, which include advanced wind turbines and … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Turkey
Tagged Arif Günyar, Enercon, Neşet Özgür Cireli, partnership, Polat Enerji, renewable energy, sustaianbaility, Turkey, Uli Schulze Südhoff, wind farm projects
(IN BRIEF) PUMA has announced leadership changes to bolster its presence in the GCC and surrounding regions. Johan Kuhlo has been appointed as Managing Director for the GCC, overseeing key markets like the UAE and Saudi Arabia, effective September 1. … Read the full press release
Posted in Apparel, Fashion & Beauty, Business, Germany, Government, Industrial, Management, News, Sports, Technology, Turkey
Tagged appointments, Arne Freundt, GCC, Johan Kuhlo, leadership, Middle East, Peter Dangl, PUMA, Taner Seyis, Turkey
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing a €25 million loan to Türkiye’s Polinas Plastik to enhance the company’s green credentials through resource and energy efficiency upgrades, including a new production line for recyclable packaging … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, Turkey, United Kingdom
Tagged EBRD, Packaging Production, partnership, Polinas, sustainability, Turkey
(IN BRIEF) Mahmut Akten will become CEO of Garanti BBVA and BBVA Country Manager in Turkey, replacing Recep Baştuğ. The appointment is pending regulatory approval. BBVA has reorganized its global Client Solutions area, introducing new leadership for Commercial and Retail … Read the full press release
Posted in Banks, Business, Economy, Financial, Government, Industrial, Investment, Management, News, Spain, Turkey
Tagged appointment, BBVA, CEO, Country Manager, David Puente, Garanti BBVA, Jaime Sáenz de Tejada, leadership, Mahmut Akten, Murat Kalkan, Onur Genç, partnership, Recep Baştuğ, Turkey
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has invested up to US$ 90 million (€83 million) in Ulker Biskuvi Sanayi’s first sustainability-linked Eurobond, part of a larger US$ 550 million issuance. This funding will help Ulker, a … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Food & Beverage, Government, Industrial, Investment, Management, News, Turkey, United Kingdom
Tagged EBRD, Erdem Yasar, Eurobond, investment, Mete Buyurgan, partnership, sustainability, Turkey, Ulker Biskuvi Sanayi
(IN BRIEF) ANDRITZ has been selected by Turkish insulation felt manufacturer Şiteks to supply a complete needlepunch line for its Tekirdag facility. This investment will significantly increase Şiteks’ production capacity to meet global demand for needlepunched nonwoven insulation products in … Read the full press release
Posted in Austria, Business, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, Turkey
Tagged Andritz, needlepunch line, Oguz Sisman, partnership, Şiteks, sustainability, Turkey
(IN BRIEF) The Turkish water authority, Devlet Su İşleri (DSI), has chosen international technology group ANDRITZ to provide electro-mechanical equipment for the new 160 MW Silvan hydropower plant in Türkiye. ANDRITZ will supply turbines, generators, and associated equipment for the … Read the full press release
Posted in Austria, Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, Turkey
Tagged Andritz, Devlet Su İşleri (DSI), Frank Mette, partnership, Renewable Energy Infrastructure, Silvan Hydropower Plant, sustainability, Turkey
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has initiated a groundbreaking Digital Transformation Financing Facility (DTFF) with a €25 million loan to Türk Ekonomi Bankası (TEB) in Türkiye, marking its inaugural transaction. Aimed at boosting the digital … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Management, News, Small Business, Technology, Turkey, United Kingdom
Tagged Ali Gokhan Cengiz, Arvid Tuerkner, digital transformation, EBRD, Mehmet Fatih Kacır, partnership, SMEs, sustainability, Türk Ekonomi Bankası, Turkey
(IN BRIEF) Garanti BBVA International, a subsidiary of Garanti BBVA known for its sustainable financing initiatives, has secured a $50 million sustainable loan agreement with Kordsa Teknik Tekstil A.Ş. (Kordsa). This collaboration aligns with Kordsa’s efforts to reduce environmental and … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Industrial, Investment, Management, News, Spain, Turkey
Tagged BBVA, Garanti BBVA International, Kordsa, Mahmut Akten, partnership, sustainability, Turkey, Volkan Özkan
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is extending an additional loan of US$25 million in Turkish lira to Bunge Gıda to support their working capital needs while expanding training opportunities for women olive farmers in Turkey. … Read the full press release
Posted in Agriculture, Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Management, News, Turkey, United Kingdom
Tagged Bunge Gıda, EBRD, Empower Women Farmers, Olive Sector, partnership, sustainability, Turkey
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has announced a €50 million loan to Fraport TAV Antalya Yatirim Yapim ve Isletme (FTA) in Türkiye, aimed at financing the completion of upgrades to Antalya Airport. These enhancements, including … Read the full press release
Posted in Aviation & Aerospace, Business, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Turkey, United Kingdom
Tagged Antalya Airport, EBRD, Fraport TAV, partnership, sustainability, Turkey, Upgrades
(IN BRIEF) The Council of Europe Development Bank (CEB) has approved 11 new loans totaling €1.3 billion across various countries and sectors. These loans aim to address critical social issues such as microfinance, healthcare, education, and post-disaster reconstruction. Among the … Read the full press release
Posted in Banks, Bosnia and Herzegovina, Business, European Union, Financial, Finland, France, Germany, Iceland, Industrial, Investment, Management, News, Poland, Serbia, Slovakia, Small Business, Society, Spain, Turkey, Ukraine
Tagged Bosnia and Herzegovina, Carlo Monticelli, CEB, Europe, Finland, France, Germany, Iceland, investments, partnership, Poland, SERBIA, Slovakia, Social Sector, Spain, Turkey, UKRAINE
(IN BRIEF) The BBVA Foundation and Salt, in partnership with Garanti BBVA, are launching the Salt Artistic Research and Production Grant Program, aimed at Turkish artists exploring contemporary social issues through interdisciplinary approaches. This two-year initiative offers selected artists a … Read the full press release
Posted in Art & Culture, Banks, Business, Financial, Government, Industrial, Investment, Management, News, Spain, Turkey
Tagged Ala Younis, BBVA Foundation, Elvira Dyangani Ose, Fatma Çolakoğlu, Juan Pujol, Manuel Segade, Miguel Zugaza, partnership, salt, Turkey, Turkish Artists, Vasıf Kortun
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has solidified its support for Türkiye’s burgeoning technology sector by investing in Dgpays, a rapidly expanding tech firm. Partnering with Truffle Capital, the EBRD’s follow-on investment in Dgpays underscores its … Read the full press release
Posted in Banks, Business, Financial, Government, Industrial, Investment, Management, News, Technology, Turkey, United Kingdom
Tagged Dgpays, EBRD, Holger Muent, investment, partnership, Serkan Ömerbeyoğlu, technology, Turkey
(IN BRIEF) Garanti BBVA, a pioneer in shaping the future of the banking industry through technology, has inaugurated Garanti BBVA Technology, the largest tech center within the Turkish banking sector, also known as the “tech factory.” With a strategic focus … Read the full press release
Posted in Banks, Business, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Spain, Technology, Turkey
Tagged Banking Technology Center, BBVA, Fatih Bektaşoğlu, Garanti BBVA, Garanti BBVA Technology, İlker Kuruöz, partnership, Recep Baştuğ, Turkey
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is extending a loan of up to $100 million to Enerjisa Enerji A.S. in Turkey to support the modernization and reconstruction of the electricity distribution network in the earthquake-affected Toroslar … Read the full press release
Posted in Banks, Business, Construction, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Turkey, United Kingdom
Tagged Aida Sitdikova, earthquake, EBRD, Electricity Network Reconstruction, Enerjisa Enerji, partnership, Philipp Ulbrich, sustainability, Turkey
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) reported a record investment of €2.48 billion in Turkey for 2023, marking a significant increase from previous years. The EBRD’s commitment to supporting Turkey’s private sector and green transition remained … Read the full press release
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) announced a significant milestone by delivering a record €13.1 billion in investments in 2023, marking a year of achievements and challenges. The bank reported record levels of investments, green financing, … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Management, News, Small Business, Turkey, Ukraine, United Kingdom
Tagged Crisis Response, EBRD, green economy, investments, Odile Renaud-Basso, partnership, sustainability, Turkey, UKRAINE
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is partnering with Türkiye Sinai Kalkinma Bankasi (TSKB), a development bank, to support Kutes, a prominent Turkish metal casting company, in its shift toward sustainable energy practices. TSKB is providing … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Metals and Minerals, News, Small Business, Turkey, United Kingdom
Tagged EBRD, Kutes, partnership, SMEs, sustainability, sustainable energy, Turkey, Türkiye Sınai Kalkınma Bankası (TSKB)
(IN BRIEF) Garanti BBVA has revealed its dedication to supporting renewable energy initiatives with a €36.1 million financing agreement for the Işıklar Wind Power Plant, facilitated through BBVA’s Turkish unit in partnership with Dost Enerji. The wind power project will … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Spain, Technology, Turkey
Tagged BBVA, Dost Enerji, Garanti BBVA, Işıklar Wind Power Plant, Mahmut Akten, partnership, Renewable Energy Expansion, sustainability, Turkey
(IN BRIEF) The European Investment Bank (EIB) and the European Commission have announced a new agreement that will triple the EIB’s advisory assistance for the Western Balkans and potentially Turkey under the JASPERS program. This agreement includes the largest-ever budget … Read the full press release
Posted in Banks, Business, Economy, Environment, European Union, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Turkey
Tagged Advisory Assistance, EIB, European Commission, partnership, sustainability, Turkey, Western Balkans
(IN BRIEF) E.ON, the energy company based in Essen, along with contributions from its employees, is financing the construction of a primary school in Hatay, Turkey, which was severely affected by earthquakes in February 2023. Following the earthquakes, E.ON initiated … Read the full press release
Posted in Business, Construction, Education, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Non Profit, Turkey
Tagged construction, E.ON, Earthquake-Hit, Employees, EnerjiSA, fundraising, Hatay, Murat Pinar, partnership, Sabanci, school, sustainability, Turkey, Victoria Ossadnik
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing a €25 million loan to Ak Finansal Kiralama (AKLease) in Turkey. This loan, part of the EBRD’s Green Economy Financing Facility (GEFF), is aimed at supporting green and … Read the full press release
Posted in Banks, Business, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, United Kingdom
Tagged AKLease, EBRD, GEFF, green investments, partnership, sustainability, Turkey
(IN BRIEF) ESET Research has conducted an analysis of the Spacecolon toolset, which is utilized to deploy Scarab ransomware variants globally. The toolset is believed to be of Turkish origin and is operated by a group named CosmicBeetle. Spacecolon’s primary … Read the full press release
Posted in Business, Czech Republic, Industrial, Management, News, Security & Safety, Slovakia, Technology
Tagged CosmicBeetle Group, data theft, ESET, Jakub Souček, Ransomware Deployment, Spacecolon Toolset, Turkey
(IN BRIEF) DHL Group has agreed to acquire 100% of Turkish parcel delivery company MNG Kargo Yurtiçi ve Yurtdışı Taşımacılık A.Ş. (MNG Kargo) and its subsidiaries, aiming to strengthen its position in the rapidly growing Turkish parcel and e-commerce market. … Read the full press release
Posted in Business, Germany, Industrial, Internet & Online, Management, News, Technology, Transportation & Logistics, Turkey
Tagged acquisition, DHL Group, E-Commerce, MNG Kargo, Pablo Ciano, partnership, Tobias Meyer, Turkey
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing a loan of US$110 million to QNB Finansbank in Turkey. The loan is part of the EBRD’s Türkiye Disaster Response Framework, launched after the devastating earthquakes in February. … Read the full press release
Posted in Banks, Business, Financial, Industrial, Management, News, United Kingdom
Tagged Arthur Poghosyan, disaster, EBRD, loan, partnership, Post-Earthquake Recovery, QNB Finansbank, Turkey, Yeliz Ataay Arıkök
(IN BRIEF) ANDRITZ has received an order from Turkish nonwoven manufacturer Teknomelt to provide a complete neXline wetlace line for the production of nonwoven roll goods for biodegradable, plastic-free wet wipes. The state-of-the-art line combines spunlace and wetlaid technologies, allowing … Read the full press release
(IN BRIEF) Dutch development bank FMO, along with French development finance institution Proparco and SDG-focused emerging market credit fund ILX Fund, has provided a €60m ($71.6m) syndicated loan to Turkey’s Kılıç Deniz, a leading aquaculture player. The funds will be … Read the full press release
Posted in Banks, Business, Environment, Financial, Food & Beverage, Management, Netherlands, News
Tagged aquaculture, FMO, Hakan Uyanık, ILX Fund, Kılıç Deniz, Pieternel Boogaard, Proparco, Scarlett Carré de Malberg, syndicated loan, Turkey
(IN BRIEF) Swissport is collaborating with international aid organizations and Turkish Airlines to provide air cargo logistics in support of victims affected by the February earthquake in Turkey and Syria. The company is providing ongoing support, recognizing that long-term action … Read the full press release
(NOTICIA EN BREVE) El Grupo Orange ha anunciado medidas para apoyar a los afectados por los recientes terremotos en Turquía. La empresa ofrece llamadas y SMS gratuitos a Turquía y Siria, así como itinerancia gratuita para los trabajadores de rescate … Read the full press release
Posted in France, Management, Non Profit, Society, Turkey
Tagged earthquakes, free calls to Syria, free calls to Turkey, Grupo Orange, llamadas gratis a Siria, llamadas gratis a Turquía, mobile phone, Orange Group, rescue workers, roaming free, roaming gratis, Siria, SYRIA, teléfono móvil, terremotos, trabajadores de rescate, Turkey, Turquía
(IN BRIEF) The Orange Group has announced measures to support those affected by the recent earthquakes in Turkey. The company is providing free calls and SMS to Turkey and Syria, as well as free roaming for rescue workers in affected … Read the full press release
Posted in France, Management, Non Profit, Society, Turkey
Tagged earthquakes, free calls to Syria, free calls to Turkey, mobile phone, Orange Group, rescue workers, roaming free, SYRIA, Turkey
(PRESS RELEASE) GENEVA, 22-Dec-2022 — /EuropaWire/ — SGS, the world’s leading testing, inspection and certification company, has announced that its facility in Hadımköy (Istanbul) earned the Authorized Consignor status from the Turkish Ministry of Customs and Trade. The newly earned … Read the full press release
US$ 50 million EBRD loan to one of Turkey’s leading producers of edible oils EBRD and Bunge to collaborate in supporting women farmers through a training academy Academy will teach climate-smart farming techniques (PRESS RELEASE) LONDON, 8-Mar-2022 — /EuropaWire/ — … Read the full press release
Posted in Agriculture, Banks, Business, Financial, Investment, Turkey, United Kingdom
Tagged agro-techniques, Ayvalık, Bunge, cereals, certified organic olive, cooking oils, crushes, EBRD, edible oils, Jürgen Rigterink, Kırlangıç, Komili, loan, oilseeds, olive oil, olive supply chain, olive tree cultivation, protein products, refines, Rob Coviello, Sezai Ömer Madra, sunflower oil, Thrace, Turkey, women farmers
(PRESS RELEASE) THE HAGUE, 17-Jan-2022 — /EuropaWire/ — FMO, the Dutch entrepreneurial development bank, has announced its financial support to the agricultural sector across the Anatolian region in Turkey with the loan of EUR 30 million provided to Turkish Sekerbank. … Read the full press release
Posted in Agriculture, Banks, Financial, Netherlands, News, Turkey
Tagged agricultural, agricultural supply chain, FMO, loan, Monica Beek, rural SMEs, Sekerbank, sugar beet cooperati, Turkey
Voith supplied the entire production line for high-quality board and packaging papers. With the help of leading Voith technologies, the high-performance line will produce up to 700,000 tons of board and packaging papers annually. The efficient PM 2 is characterized … Read the full press release
Posted in Germany, Industrial, News, Technology, Turkey
Tagged automation, board, Combi DuoRun, drying cylinders, EvoDry, Kai Bestian, Kipaş Kağıt, MasterJet headboxes, Naomi Keitel, packaging papers, paper production, PM 2, Söke, Turkey, VariFlex, Voith
Building resilience of the Turkish economy (PRESS RELEASE) LONDON, 19-Feb-2021 — /EuropaWire/ — The European Bank for Reconstruction and Development (EBRD) announces that it has provided US$ 100 million in new funds to Denizbank A.S. for on-lending to local businesses … Read the full press release
Posted in Banks, Business, Environment, Financial, Infrastructure & Utilities, Investment, News, Small Business, Technology, Turkey, United Kingdom
Tagged COVID-19, Credit Suisse, Denizbank A.S., Diversified Payment Rights programme, DPR programme, DPR securitisation programmes, EBRD, Emirates NBD Bank, financing, funding, green investments, Hakan Ateş, International Finance Corporation, investment, Jürgen Rigterink, NBD Bank, pandemic, securitisation, The European Bank for Reconstruction and Development, Turkey, Turkish banks, Turkish Credit Guarantee Fund, Turkish economy, women-led businesses
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PHARMA & BIOTECH: The largest repository of EU/European pharma & biotech press releases spanning 12 years (2012-2024)
